Trading Rule: One should always buy a strong market on dips especially when it's standing at an important support level.
On Dec 25, 2016: Nifty was at that very important support level. I did tweet back then
— Deepak Singh (@smarket) December 25, 2016
Here's what Nifty has done from that level
That's what strong markets do when they come down to support levels. Nifty is now up 20% in six months.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers